Wall Street brokerages predict that Weyerhaeuser Co (NYSE:WY) will report $1.76 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Weyerhaeuser’s earnings. The lowest sales estimate is $1.68 billion and the highest is $1.82 billion. Weyerhaeuser posted sales of $1.87 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 5.9%. The business is scheduled to report its next earnings report before the market opens on Friday, April 26th.
According to Zacks, analysts expect that Weyerhaeuser will report full year sales of $7.45 billion for the current fiscal year, with estimates ranging from $7.10 billion to $7.86 billion. For the next fiscal year, analysts anticipate that the business will report sales of $7.84 billion, with estimates ranging from $7.29 billion to $8.40 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Weyerhaeuser.
Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Friday, February 1st. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.01). The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Weyerhaeuser had a net margin of 10.01% and a return on equity of 9.80%. Weyerhaeuser’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.31 EPS.
A number of equities research analysts recently weighed in on WY shares. Stephens upgraded Weyerhaeuser from an “equal weight” rating to an “overweight” rating and set a $32.00 price target on the stock in a report on Friday, April 5th. ValuEngine upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Saturday, February 2nd. Seaport Global Securities started coverage on Weyerhaeuser in a research report on Tuesday, April 2nd. They issued a “buy” rating on the stock. BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a research report on Monday, March 11th. Finally, Raymond James set a $29.00 price objective on Weyerhaeuser and gave the company a “buy” rating in a research report on Tuesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $33.10.
In related news, insider Russell S. Hagen sold 8,000 shares of the company’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $26.32, for a total value of $210,560.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.35% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in WY. Norges Bank acquired a new stake in Weyerhaeuser in the fourth quarter worth $173,259,000. Vanguard Group Inc. lifted its stake in shares of Weyerhaeuser by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 96,333,445 shares of the real estate investment trust’s stock worth $3,108,681,000 after buying an additional 5,195,461 shares during the last quarter. Vanguard Group Inc lifted its stake in shares of Weyerhaeuser by 5.7% during the 3rd quarter. Vanguard Group Inc now owns 96,333,445 shares of the real estate investment trust’s stock worth $3,108,681,000 after buying an additional 5,195,461 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Weyerhaeuser by 32.2% during the 4th quarter. American Century Companies Inc. now owns 16,904,397 shares of the real estate investment trust’s stock worth $369,530,000 after buying an additional 4,119,961 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. raised its stake in Weyerhaeuser by 347.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 3,849,069 shares of the real estate investment trust’s stock worth $84,140,000 after purchasing an additional 2,988,719 shares in the last quarter. Institutional investors and hedge funds own 77.84% of the company’s stock.
Shares of NYSE:WY traded down $0.28 on Friday, hitting $26.80. 1,600,961 shares of the company’s stock were exchanged, compared to its average volume of 4,013,819. The stock has a market cap of $20.27 billion, a P/E ratio of 22.71, a P/E/G ratio of 6.59 and a beta of 1.66. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.63 and a current ratio of 0.83. Weyerhaeuser has a 1-year low of $20.52 and a 1-year high of $38.39.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 1st were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date of this dividend was Thursday, February 28th. Weyerhaeuser’s dividend payout ratio is currently 115.25%.
Weyerhaeuser Company Profile
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 million acres of timberlands in the U.S., and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.
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